Question: What is Islamic Account (Swap-Free) of MT4 and MT5? How can I open one?
ISLAMIC ACCOUNT is an account that doesn’t charge fees for carrying over open positions to the next day.
This type of account is intended for those clients who are not allowed to conduct monetary operations involving interest payments owing to their religious beliefs.
Another widely-spread name of this type of account is “swap-free account”.
To open one, please click on your name in the upper line and then choose the “Settings” option. Find the line “Islamic account application” and click “Fill in”.
Please, download and print out the application form, read it carefully, fill in all the relevant fields and sign it.
Then, upload an electronic copy of the signed application in the same window.
Please note, that your application does not guarantee that your account will be transferred to the Islamic Account category.
The company provides access to the service at its own discretion.
For more information, please contact the support team from the Official Website.